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Dec 3, 2012
12/12
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guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding billions of dollars of savings by reducing overhead and other things like that. you've seen the unions come out and say they don't want to see any changes at all that would hurt payoffs to benefi
guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i...
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Oct 2, 2012
10/12
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. >>> here's a question being asked in washington today. does the high-speed trading industry need a speed limit? the sec has been hosting a round table of industry leaders on how to prevent the flurry of trading technology break downs that we'd seen recently like the flash crash of a couple of years ago and the night trading debacle of a few months ago. amon is in washington with details. >> hi, bill. well, it's a monster session. i can tell you that they started at 10:00 a.m. this morning. they're now on panel two. they are still going through the afternoon. they expect to wrap up around 4:00 p.m. we have traders representatives of the exchanges, reformers, outside academics, all offering their thoughts on how to reform high-frequency trading and the trading architecture technologically that underlies so much of what goes on on wall street. at this forum, the sec chair said the firms themselves have an incentive to get this right because they stand to lose so much money. >> but perhaps the strongest message from the night capital episode
. >>> here's a question being asked in washington today. does the high-speed trading industry need a speed limit? the sec has been hosting a round table of industry leaders on how to prevent the flurry of trading technology break downs that we'd seen recently like the flash crash of a couple of years ago and the night trading debacle of a few months ago. amon is in washington with details. >> hi, bill. well, it's a monster session. i can tell you that they started at 10:00 a.m....
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Oct 18, 2012
10/12
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there's still that hold back, i think, waiting for greater certainty from washington and a notion of the fiscal cliff and the election. that's coming out in numbers now. >> we should point out that microsoft windows 8 is coming out. a lot of people were predicting we would see a stall going into windows 8 because, of course, you're not going to upgrade your own technology if you're waiting on the new operating system. >> absolutely true. i asked my personal i.t. at visor. should i go for windows 8? absolutely not. stick with windows 7. they're going to have a lot of bugs. stick with what you have. >> so that's probably what's happening. >> absolutely. >> there's a bit of a stall in business. >> what do you like right now? what sectors, based on the global economy right now where we're seeing slowdowns everywhere, what do you like? >> well, with these low interest rates, we have negative real returns. so we have got to look for yield. despite the fact that dividend stocks have done well, i continue to favor dividend stocks, particularly those with multinational income. broadly diversi
there's still that hold back, i think, waiting for greater certainty from washington and a notion of the fiscal cliff and the election. that's coming out in numbers now. >> we should point out that microsoft windows 8 is coming out. a lot of people were predicting we would see a stall going into windows 8 because, of course, you're not going to upgrade your own technology if you're waiting on the new operating system. >> absolutely true. i asked my personal i.t. at visor. should i...
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Sep 25, 2012
09/12
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. >> i think investors are watching carefully what the policy will be coming out of washington regarding the capital gains tax before they make their investment decisions, don't you? >> i think that's a big issue. although, i spent a little time trying to put the in trade numbers up against wall street. doesn't seem to be any correlation between in trades guess on who's going to win the election and what happens to the market. there was some correlation back in the summer, but that seems to have come off. if you take what peter and chris were saying, which is the importance of the fiscal cliff issue to wall street, it strikes me that there is no edge either way on solving the fiscal cliff issue from either an obama victory or a romney victory. i don't think they say an easy wait out with any particular candidate. >> one thing you've got to remember is that the public markets are not the only markets. the markets i'm focused on are private markets. we have gridlock because of the uncertainty, whether you talk to corporate treasurers or bank treasurers. >> but which uncertainty, chris? >>
. >> i think investors are watching carefully what the policy will be coming out of washington regarding the capital gains tax before they make their investment decisions, don't you? >> i think that's a big issue. although, i spent a little time trying to put the in trade numbers up against wall street. doesn't seem to be any correlation between in trades guess on who's going to win the election and what happens to the market. there was some correlation back in the summer, but that...
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Sep 26, 2012
09/12
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>> the disconnect is between washington and reality. what dean is talking about, saying people who are actually going to do the hiring and do the investing, their attitudes don't matter. doesn't matter what they say to surveys. they're actually all getting together and having this political statement that they're worried about the economy. no, they are worried about the economy. they're worried about taxmageddon. it's going to get worse. it's going to get worse because taxmageddon is getting closer. the president is perfectly content for them to all wait until after the election. of course they're nervous. they're going to get more nervous. >> the budget office says we're expecting a recession next year because of this. >> right. i mean, dean, let's face it, are you going to hire new work fers you don't know what your tax rates are going to be next year? are you going to hire new workers -- >> well, we're nonprofit, but i'm happy to hire. >> hypothetically speaking, why would anybody hire heads to the payroll when you have no idea -- >>
>> the disconnect is between washington and reality. what dean is talking about, saying people who are actually going to do the hiring and do the investing, their attitudes don't matter. doesn't matter what they say to surveys. they're actually all getting together and having this political statement that they're worried about the economy. no, they are worried about the economy. they're worried about taxmageddon. it's going to get worse. it's going to get worse because taxmageddon is...
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Sep 19, 2012
09/12
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the humane society in washington is running a special program called "big and beautiful." they're trying to place older cats who are overlooked because of their age and weight. these cats will be out for adoption at a discount. give them a home. >> thanks for watching, everybody. >> happy birthday, rosa lee in massachusetts. our producers aunt. "closing bell" is next. >>> hi, everybody. good afternoon. welcome to the final bell and the "closing bell." we enter the final stretch. i'm maria bartiromo at the new york stock exchange. the dow on track for a two-day gain even as oil takes a real plunge. >> that's been the key feature. oil continuing in the slide. we have reasons for the oil slide. supply coming from saudi arabia. big jump in crude inventories reported this morning. that has pushed crude below several key technical levels. we'll talk more about oil and that plunge in just a moment. first, a look at where stocks stand right now. modest gains across the board with the dow up 50 points right now at 13,613. you can see we're just about near the high of the session ri
the humane society in washington is running a special program called "big and beautiful." they're trying to place older cats who are overlooked because of their age and weight. these cats will be out for adoption at a discount. give them a home. >> thanks for watching, everybody. >> happy birthday, rosa lee in massachusetts. our producers aunt. "closing bell" is next. >>> hi, everybody. good afternoon. welcome to the final bell and the "closing...
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Dec 10, 2012
12/12
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until we get a clearer signal out of washington. >> yes. and i think we're going to see this narrow trading range. if there's no resolution, i think the market might react negatively. but i think that's a short-term negative term. but i do think that's a negative possibility. and i do think there's a possibility nothing will come out. >> meantime, the economic reports coming out starting to soften a bit here. do you make of that? >> it's not surprising. i don't think the economy is strong enough to have continued quarterly increases. i think we're going to see this probably for the next six months. you're going to have some good reports. jobless claims will probably get better going fod.
until we get a clearer signal out of washington. >> yes. and i think we're going to see this narrow trading range. if there's no resolution, i think the market might react negatively. but i think that's a short-term negative term. but i do think that's a negative possibility. and i do think there's a possibility nothing will come out. >> meantime, the economic reports coming out starting to soften a bit here. do you make of that? >> it's not surprising. i don't think the...
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Sep 17, 2012
09/12
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. >>> and after the bell, capital gains tax reform grabs the spotlight at a rare joint hearing in washington this thursday. do favorable rates help create jobs or just give rich people another break they don't need? we'll have the debalt. >>> drama outside the new york stock exchange. dozens arrested. we have the latest on today's occupy wall street protests. so -- tell me again what happened. i was downstairs making coffee, and we heard it. it just came crashing through the roof, out of nowhere. what is it? it's our ira. any idea what coulda caused this? maybe. i just sorta threw a little money here, a little money there. and i loaded up on something my dentist told me was hot. yeah. ♪ ♪ [ male announcer ] introducing a stunning work of technology. introducing the entirely new lexus es. and the first-ever es hybrid. this is the pursuit of perfection. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions im
. >>> and after the bell, capital gains tax reform grabs the spotlight at a rare joint hearing in washington this thursday. do favorable rates help create jobs or just give rich people another break they don't need? we'll have the debalt. >>> drama outside the new york stock exchange. dozens arrested. we have the latest on today's occupy wall street protests. so -- tell me again what happened. i was downstairs making coffee, and we heard it. it just came crashing through the...
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Jul 6, 2012
07/12
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. >> we talk about this a lot and this is concerns since washington seems too dysfunctional to fix the problem. we heard from christine legarde. >> we forecast hardly any growth in 2013 and the perhaps the beginning of the year in the recession. >> we could have a repeat of last august when they were debating what to do about the debt ceiling, and the republicans were demanding spending cuts and they may be able to do it again. they could fix the his kal cliff, but we will still have the cliff. >> and the $15 trillion in debt and that is the bigger elephant in the room. until we have washington, leadership in congress, or president obama come out and say these are the issues we we recognize these are important and these are how they -- how does business do anything. >> the uncertainty is unprecedented. ease uncertainties are causing corporations to horde their cash and not hire people because they don't know what the outcome will be. they're not sure what economy will do, we have the debt crisis in europe and we all know what's going on here. >> let's say dividend tax goes from 15% to
. >> we talk about this a lot and this is concerns since washington seems too dysfunctional to fix the problem. we heard from christine legarde. >> we forecast hardly any growth in 2013 and the perhaps the beginning of the year in the recession. >> we could have a repeat of last august when they were debating what to do about the debt ceiling, and the republicans were demanding spending cuts and they may be able to do it again. they could fix the his kal cliff, but we will...
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Oct 10, 2012
10/12
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what schumer is going is a washington technique called protecting your flank, which is you set down a marker from where you're going to be on the left, and that way later if you have to compromiscompromise, you cant to your republican colleagues just how far you've come to the center when you're negotiating. the republican, of course, are going to be doing the same thing on the other side. that's why you see these markers getting set down. they're often very far away from each other as these negotiations begin. that's what we saw yesterday. >> here we go again. all right. thank you, eamon. so with voters clam moring for both sides to work together, will the partisanship be blocked out? with us now is david callahan and justin safies with the romney campaign. did senator schumer help or hurt the chances of a deal? david, let me start with you. >> i don't know whether he helped or hurt it, but he's making a good point. i mean, the other thing that schumer said was he'll willing to talk about a grand bargain. he's willing to talk about cuts to entitlements, but there has to be more reven
what schumer is going is a washington technique called protecting your flank, which is you set down a marker from where you're going to be on the left, and that way later if you have to compromiscompromise, you cant to your republican colleagues just how far you've come to the center when you're negotiating. the republican, of course, are going to be doing the same thing on the other side. that's why you see these markers getting set down. they're often very far away from each other as these...
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Nov 9, 2012
11/12
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we want to pursue more of this developing story out of washington. the sudden resignation of general david petraeus as the director of the cia. that resignation being accepted by the president a wile ago. general petraeus admitting to an extramarital affair as a result of all of this. we're joined by our nbc news colleague andrea mitchell with more on this. what can you tell us at this point? >> it was as shocking to me as to everyone else in washington. i was hearing the reports overnight. then we did manage to confirm this and get the announcement that the cia director sent to the work force today. he says that he went to the white house and asked the president to be allowed for personal reasons to resign, that after 37 years of marriage, he showed, in his words, extremely poor judgment by engaging in an extramarital affair. he writes, such behavior is unacceptable as a husband and as the leader of an organization such as ours. this afternoon the president graciously accepted my resignation. he says as i depart, i want you to know it's been the gre
we want to pursue more of this developing story out of washington. the sudden resignation of general david petraeus as the director of the cia. that resignation being accepted by the president a wile ago. general petraeus admitting to an extramarital affair as a result of all of this. we're joined by our nbc news colleague andrea mitchell with more on this. what can you tell us at this point? >> it was as shocking to me as to everyone else in washington. i was hearing the reports...
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Nov 19, 2012
11/12
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washington is a ghost town. the president's out of country -- >> those are good things. >> congress is not coming back until next week. no one will go before the cameras and jeopardize the cliff. the only file you have to run is the kum-bi-ya moment after the meeting. they said nothing across the pond will hurt us, let's buy here. >> no sense of urgency right now. does the market feed off that? is that what's going on here? >> i continue to look at the treasury market. you can look at a chart overlaid with the stock market. we were following themmer earlier, especially with the opening you describe, then it started to fall off. treasury market seems unimpress unimpressed. i'm in agreement with art, which is a good thing because art is mostly right, that is, nobody's driving the car from a political standpoint. that's the only time i can say a car without a driver is a safer car to be in. the market is reflecting that. if you want to look at something to give you a good clue, watch the euro relationship with our
washington is a ghost town. the president's out of country -- >> those are good things. >> congress is not coming back until next week. no one will go before the cameras and jeopardize the cliff. the only file you have to run is the kum-bi-ya moment after the meeting. they said nothing across the pond will hurt us, let's buy here. >> no sense of urgency right now. does the market feed off that? is that what's going on here? >> i continue to look at the treasury market....
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Aug 10, 2012
08/12
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. >> can beer solve all of the bickering in washington? it's collecting money to bring happy hour to capitol hill. a super pac for beer money. it's all legitimate. the folks behind the super pac are here. >> first, before we go to break, the dividend. which stock is advanced the most so far this year. bank of america? gap? or sherwin-williams. s a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> just before the break, we asked which stock has advanced the most so far this year. bank of america, gap, or sherwin-weapons of mass destruction -- williams. gap. >> not much movement for stocks this week after all, how long will that last? >> with us today is david, and peter. good to see you both. thank you for joining us. this market is about to get interesting here, we'
. >> can beer solve all of the bickering in washington? it's collecting money to bring happy hour to capitol hill. a super pac for beer money. it's all legitimate. the folks behind the super pac are here. >> first, before we go to break, the dividend. which stock is advanced the most so far this year. bank of america? gap? or sherwin-williams. s a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm...
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Nov 12, 2012
11/12
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we'll have the latest on the fiscal cliff fiasco coming out of washington. >> will america soon be the new saudi arabia when it comes to oil? it's not science fixction. it's happening quicker than what you might think. what will it do to gas prices at the pump? >> it is very good stuff. right now the markets hoping to start the week off on a positive note after that rough go since the election last week. the dow up just 12 points. again, very light volume. no bond trading today because of the veterans day holiday. not a lot of direction for the markets today. up a point and change for nasdaq. at 2906. apple and microsoft sort of impacting the market today. the s&p 500 is up 1 1/2 points at 1381. less than an hour to go, let's talk with stocks in the green. can we manage to kick off the week in a positive note after last week's big losses? uncertainty over the resolution of the fiscal cliff is going to see for the foreseeable future, until the end of the year, as investors weigh what to do about that. what is the investor to do now that the markets get out of the way? >> we have chris l
we'll have the latest on the fiscal cliff fiasco coming out of washington. >> will america soon be the new saudi arabia when it comes to oil? it's not science fixction. it's happening quicker than what you might think. what will it do to gas prices at the pump? >> it is very good stuff. right now the markets hoping to start the week off on a positive note after that rough go since the election last week. the dow up just 12 points. again, very light volume. no bond trading today...
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Nov 7, 2012
11/12
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eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated deal-making process, the kind of which he engaged with the president back in the summer of 2011. they weren't able to get the deal done then, but boehner seemed to be saying just here that he's willing to go back and renegotiation there and very conciliatory there at the end with the language to the president, mr. president, we are willing to be led. that's not the kind of rhetoric you heard from house republicans last summer, last year, before this election. so maybe there is a moment here post-election where things can change. i do want to add that harry reid, the senate democratic leader, was up on cap
eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated...
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Oct 19, 2012
10/12
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small businesses and their owners pay close attention to the stalemate in washington. they're concerned, as the survey showed, about regulations. and they're concerned about health care costs as well as the uncertainty of health care reform. >> so the uncertainty of health care reform is something i want to get to. how significant is that expense for small business? what we keep hearing is that small business, because of the uncertainty, they don't know what their tax rates will look like. they don't know whether spending programs will be cut and how that will impact their business. and they are upset about the rise in their expense side of the business because of health care. how significant is that expense? >> well, i can't quantify it, maria, but i can tell you notwithstanding, their uncertainty and lack of confidence about health care costs and the unknowns of health care reform, more than half of them still say they don't plan to drop the benefits for their employees. one of the strong things that comes through the survey is that small business owners, 70% of them
small businesses and their owners pay close attention to the stalemate in washington. they're concerned, as the survey showed, about regulations. and they're concerned about health care costs as well as the uncertainty of health care reform. >> so the uncertainty of health care reform is something i want to get to. how significant is that expense for small business? what we keep hearing is that small business, because of the uncertainty, they don't know what their tax rates will look...
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Jul 25, 2012
07/12
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. >>> regulators getting grilled in washington today more missing the warning lines of the collapse of perbrine. frank lucas put the blame squarely on enforcement. >> there are some in this town that argue that we need more regulations, but new regulations mean nothing when the old ones are not being enforced. >>> with us exclusively right now, dan roth of the national futures association, and scott cohn, tough criticism there, how do you respond? >> what we told him and other members of the committee today is that we clearly have to do a better job of using technology to monitor firms compliance. we uncovered this fraud because we moved to an electronic confirmation process. the next step is to move that electronic confirmation process to a daily event so on a daily basis they're getting confirmations from all of the places they're held -- >> but sir, you uncovered it too late. at this point, investors have grown tired of the incompetence from regulators where it's mf global or something else, there is a decided lack of trust from the individual and smaller investor in this market bec
. >>> regulators getting grilled in washington today more missing the warning lines of the collapse of perbrine. frank lucas put the blame squarely on enforcement. >> there are some in this town that argue that we need more regulations, but new regulations mean nothing when the old ones are not being enforced. >>> with us exclusively right now, dan roth of the national futures association, and scott cohn, tough criticism there, how do you respond? >> what we told...
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Nov 28, 2012
11/12
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all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidel can i help you? i heard you guys can ship ground for less th
all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy....
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Sep 20, 2012
09/12
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find out what one former senator thinks lawmakers should be doing instead of leaving washington. >>> parting shot. the house passes the buffet rule. allowing citizens to voluntarily pay more taxes. was this an important piece of legislation? or a cheap political stunt aimed at embarrassing the president? >>> and up like a rocket, down like a feather. we're talking gas prices. you may not like the direction they're heading. that is all ahead on the closing bell. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. we know you.er so many investors are saying... we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, l
find out what one former senator thinks lawmakers should be doing instead of leaving washington. >>> parting shot. the house passes the buffet rule. allowing citizens to voluntarily pay more taxes. was this an important piece of legislation? or a cheap political stunt aimed at embarrassing the president? >>> and up like a rocket, down like a feather. we're talking gas prices. you may not like the direction they're heading. that is all ahead on the closing bell. [ male...
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Oct 26, 2012
10/12
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. >> the key will be corporations and how they respond to whatever happens in washington, whether it's the election or the negotiations on the fiscal cliff, they have to put all of that cash back to work again and get the job market picking up again. >> and they need a catalyst. if governor romney wins this election, it's amazing how close this race is. it's really an exciting race to watch. but the president winning re-electi re-election, i wonder that would do to the markets or if maybe the stability of it is actually a positive. the romney win though, definitely people feel that that's going to be more favorable towards business and create a pretty good rally in stocks. >> i agree with lizand, i think no matter who is in white house, you have to get fiscal policy through congress and if they are in gridlock mode, it doesn't matter if you have a republican or democrat in the white house though. >> you're right about that. once the election finishes, the work begins. >> and hopefully they do go back to work. >> we'll see about that. they like vacations, those guys in congress. >> we'l
. >> the key will be corporations and how they respond to whatever happens in washington, whether it's the election or the negotiations on the fiscal cliff, they have to put all of that cash back to work again and get the job market picking up again. >> and they need a catalyst. if governor romney wins this election, it's amazing how close this race is. it's really an exciting race to watch. but the president winning re-electi re-election, i wonder that would do to the markets or if...
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Dec 27, 2012
12/12
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here, if you're just joining us once again, a breaking story out of washington. seemingly hopeful story. the house announcing it will reconvene sunday evening. bring everybody back at that time and presumably to consider some deal that may come out of the senate at that point. whether or not that happens, the market is not waiting to see the whites of their eyes. the dow was down 150 points at the low of the session and now we're down just 15 points. the dow was positive moments ago. >> really was, and the volatility index, aka the wall street fear gauge, was above 20 earlier on this morning for the first time in many months. it's now 19.22. obviously a little bit of fear coming out of market. let's get more of what's going on in the markets and what's going on in terms of traders feelings about the hope of sunday night. laura myers is from dme securities. what did you think and what did you do when you heard about the house reconveneing? >> you have to realize how event-driven this market really is. everyone is walking on eggshells about what's really going to h
here, if you're just joining us once again, a breaking story out of washington. seemingly hopeful story. the house announcing it will reconvene sunday evening. bring everybody back at that time and presumably to consider some deal that may come out of the senate at that point. whether or not that happens, the market is not waiting to see the whites of their eyes. the dow was down 150 points at the low of the session and now we're down just 15 points. the dow was positive moments ago. >>...
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Nov 5, 2012
11/12
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our chief washington correspondent and birthday boy, john harwood is following the candidates' last-minute moves. happy birthday. >> thank you, guys. it is the only poll that matters tomorrow but we have a lot of other polls, which don't matter, which are giving us signals of where the candidates are and why they're going to those states. crisscrossing the battlegrounds, ohio, wisconsin, colorado, the candidates are all there. if you look at our nbc/wall street poll, 47-48 obama. look at the battle of the swing states, of the nine swing states, only in two does mitt romney have a lead in the real clear politics average of polls. that's north carolina and florida. all the others, iowa, colorado, new hampshire, ohio, the rest of that set of battle ground states are all leading for obama. now, many of them are close, but if mitt romney only carries florida and north carolina among those battleground states, he's only 235 electoral votes. what he has to do is put together in this final sprint victories in states like virginia, like in ohio, like wisconsin, like colorado. that's the way he coul
our chief washington correspondent and birthday boy, john harwood is following the candidates' last-minute moves. happy birthday. >> thank you, guys. it is the only poll that matters tomorrow but we have a lot of other polls, which don't matter, which are giving us signals of where the candidates are and why they're going to those states. crisscrossing the battlegrounds, ohio, wisconsin, colorado, the candidates are all there. if you look at our nbc/wall street poll, 47-48 obama. look at...
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Nov 20, 2012
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. >> eamon javers in washington has the latest details here. >> hi, bill. yesterday i was in an empty hallway here on capitol hill. today we have an empty stairway here. just a couple tour groups up here. otherwise, it's pretty dead here. that's because most lawmakers are already home for thanksgiving break here in washington. the staffers who are here have come up. it's a relaxed day. behind the scenes, we're getting information that we're seeing some movement within the republican party in terms of the grover norquist anti-tax pledge. a couple prominent lawmakers have said that they don't necessarily any longer agree with the pledge that they themselves signed. some of those lawmakers include senator john mccain of arizona, tom coburn of oklahoma, and senator lindsay graham. take a look at this quote. this is what lindsay graham told his hometown newspaper just yesterday. he said, i signed it, meaning the pledge, in 2002. i'm not signing anymore pledges. i'm just going to take an oath to the constitution. i ain't signing no more pledges. that's what linds
. >> eamon javers in washington has the latest details here. >> hi, bill. yesterday i was in an empty hallway here on capitol hill. today we have an empty stairway here. just a couple tour groups up here. otherwise, it's pretty dead here. that's because most lawmakers are already home for thanksgiving break here in washington. the staffers who are here have come up. it's a relaxed day. behind the scenes, we're getting information that we're seeing some movement within the republican...
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May 10, 2012
05/12
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and uncertainty fostered by washington is hurting business in america. did he get the proof today? we'll find out coming up. is the pain reliever orthopedic doctors recommend most for arthritis pain, think again. and take aleve. it's the one doctors recommend most for arthritis pain. two pills can last all day. ♪ a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. and celebrex is not a narcotic. when it comes to relieving your arthritis pain, you and your doctor need to balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase
and uncertainty fostered by washington is hurting business in america. did he get the proof today? we'll find out coming up. is the pain reliever orthopedic doctors recommend most for arthritis pain, think again. and take aleve. it's the one doctors recommend most for arthritis pain. two pills can last all day. ♪ a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active...
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May 15, 2012
05/12
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is this a blatant evidence that these guys in washington have no clue how it works? >> i think you said it right. they have no clue. what do you get in a lot of drunken soldiers that take advantage of that. >> be that as it may, we are in a political climate where everybody is watching and remembering the amount of taxpayer money that went out to bailing out the financial institutions and you know that this is going to strengthen the hand of those that want stronger regulations in dodd frank, right? >> yes. it's the government that socialized the risk and now they scream and yell when something goes wrong. >> four years after the credit crisis we have yet to see any real changes in terms of the structure of the market like we were all hoping for after the flash crash. so where is the accountability there? >> it's ridiculous, maria. i understand and i agree with peter, having a loss is part of trading. but i also understand that if they are nervous that that would turn into an mf type of scenario, why don't they get these weapons of mass destruction that have been on
is this a blatant evidence that these guys in washington have no clue how it works? >> i think you said it right. they have no clue. what do you get in a lot of drunken soldiers that take advantage of that. >> be that as it may, we are in a political climate where everybody is watching and remembering the amount of taxpayer money that went out to bailing out the financial institutions and you know that this is going to strengthen the hand of those that want stronger regulations in...
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Sep 13, 2012
09/12
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is it just because washington is so broken? >> i think it's so broken, and i think no side is willing to give the other side any advantage whatsoever until the election clarifies. >> i think that's outrageous. i think that's outrageous, really. i do. >> but it's the reality we face right now. lance roberts, what strikes you about -- i mean, are you hopeful that the economy can get better as ben bernanke suggests, or are you more concerned about what the implications are for this kitchen sink monetary policy we're getting right now that we are maybe worse off than we thought? >> well, absolutely, we are. that's what it's telling you. for my clients and for investors, this is great. it boosts the asset markets, drives stocks higher. that's great. the problem is for the rest of the economy. look what's going up today. materials, energy, gold. your basic inflationary plays. that's going to translate through to an economy that's got low employment. 14 million people since 2009 are now on food stamps. you take a look at the number of
is it just because washington is so broken? >> i think it's so broken, and i think no side is willing to give the other side any advantage whatsoever until the election clarifies. >> i think that's outrageous. i think that's outrageous, really. i do. >> but it's the reality we face right now. lance roberts, what strikes you about -- i mean, are you hopeful that the economy can get better as ben bernanke suggests, or are you more concerned about what the implications are for...
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Nov 8, 2012
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we'll get his reasoning on that and get a bull/bear debate going. >>> plus, can washington rise above and come together before we drive off the fiscal cliff? why some fear it cannot. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-5412. >>> welcome back. a little over 30 minutes left on the trading session. if you're just joining us, time to get a quick sta
we'll get his reasoning on that and get a bull/bear debate going. >>> plus, can washington rise above and come together before we drive off the fiscal cliff? why some fear it cannot. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it...
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Oct 22, 2012
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hampton pearson in washington is here to explain. >> well, bill, like all things in washington, not exactly and it's complicated. over the weekend congressman chris van holland, top democrat on the budget economy told cspan that i don't think anyone thinks we should permanently extend the payroll tax cut but given the situation we're in i don't think that should be taken off the table. ending the payroll tax cut is about the only thing that right now enjoys a bipartisan consensus is one of the ways to avoid going over the fiscal cliff and removing $600 billion from the economy in 2013. congressman paul ryan, mitt romney's running mate, has called the payroll tax cut sugar high economics. that 2% at a roll tax cut on wages is used to fund social security. aarp arguably the most powerful lobby for seniors says after two years a further extension sets a bad precedent in undermining funding for social security. it will be over the fate of the bush tax cuts especially for rich americans versus extending middle class tax cuts. so can we say negotiations? >> can we is the question. thanks, hampton
hampton pearson in washington is here to explain. >> well, bill, like all things in washington, not exactly and it's complicated. over the weekend congressman chris van holland, top democrat on the budget economy told cspan that i don't think anyone thinks we should permanently extend the payroll tax cut but given the situation we're in i don't think that should be taken off the table. ending the payroll tax cut is about the only thing that right now enjoys a bipartisan consensus is one...
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Oct 8, 2012
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. >> it seems like lawmakers in washington can't agree on anything these days but they're finally reaching across the aisle to take on a huge chinese tech company our lawmakers say is a threat to national security. someone from that company is here to defend it coming up. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did
. >> it seems like lawmakers in washington can't agree on anything these days but they're finally reaching across the aisle to take on a huge chinese tech company our lawmakers say is a threat to national security. someone from that company is here to defend it coming up. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪...
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Nov 23, 2012
11/12
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the flash pmi out of china so you had some -- they do want to have concrete news come out of the washington, d.c., whether they get that greek deal, very, very carefully to see how strong this rebound that we're seeing in housing, the recoveries we're seeing in housing. >>> bottom line for both of you, end of the year, will we be higher or lower? >> higher buys, the economy is showing some signs of recovery, a catalyst for higher prices. >> i think you could see some downward pressure, because of people taking profits, getting the capital gains. also, as you look at profits for next year, if our number is true, mandy, if the profits will be lower next year, then you want to take some money off the table. stay with your technology, with your health care, stay with defensive stocks. >> you still like apple? >> we love apple. we think it can get back to 7350. but china, ipad, iphone, those will be -- >> a good week this week. thank you get to the mood as well, with your candy striped tie. >> look at those numbers, two for the lottery. >>> about ten minutes left, only a half trading day. the ra
the flash pmi out of china so you had some -- they do want to have concrete news come out of the washington, d.c., whether they get that greek deal, very, very carefully to see how strong this rebound that we're seeing in housing, the recoveries we're seeing in housing. >>> bottom line for both of you, end of the year, will we be higher or lower? >> higher buys, the economy is showing some signs of recovery, a catalyst for higher prices. >> i think you could see some...
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Oct 25, 2012
10/12
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ceos coming together today to pressure washington to get the fiscal house of the united states in order. 80 ceos from some of the nation's top companies signed a letter that they will accept tax increases that come with sensible spending cuts. basically what simpson-bowles is. some of these very ceos came to wall street this morning to ring the opening bell. take a look. >> one of the more outspoken ceos on this issue, he's been a spokesman for the group, is etna's ceo, who joins us in a cnbc exclusive to talk about this morning's third quarter earnings results and about the move to try and get washington to get its act together. mark, good to see you again. welcome back. >> thank you, bill. good to see you. >> we'll get to your company's numbers in a moment. let's talk about this effort by you and, what, 79 -- i think there are more than 80 of you now, who have signed this letter asking washington to get their act together on the fiscal cliff. what are your expectations? >> i think most people don't understand how business works and the economy works. this is an important point. we are
ceos coming together today to pressure washington to get the fiscal house of the united states in order. 80 ceos from some of the nation's top companies signed a letter that they will accept tax increases that come with sensible spending cuts. basically what simpson-bowles is. some of these very ceos came to wall street this morning to ring the opening bell. take a look. >> one of the more outspoken ceos on this issue, he's been a spokesman for the group, is etna's ceo, who joins us in a...
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Nov 16, 2012
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in the meantime, can washington deliver a deal? investors seem a bit more hopeful today after comments from congressional leaders this morning. the market indeed turn around when they spoke. >> yes, however, erskine bowles, the foreman debt commission co-chair, one of the arkt tects of the simpson/bowles plan, told maria yesterday he still has real concerns. listen. >> if we get over the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash. >> well, so what is larry cantor at barclays telling his clients? for you, this is partly a timing issue. if it does take a long time, if we do go to the brink t would be worse for the markets, don't you think? >> absolutely. and it could well do that. one thing i want to point out here is cliff is actually a bad word. people seem to think over $600 billion of tax increases and spending cutting are going to hit the economy all at once on january 1st. that's not true. the 6
in the meantime, can washington deliver a deal? investors seem a bit more hopeful today after comments from congressional leaders this morning. the market indeed turn around when they spoke. >> yes, however, erskine bowles, the foreman debt commission co-chair, one of the arkt tects of the simpson/bowles plan, told maria yesterday he still has real concerns. listen. >> if we get over the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be...
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Oct 17, 2012
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., particularly in new york and washington. you had an institutional client conference going on today. $5 trillion in assets under management. you're hosting some big clients there. are they as worried as you about the fiscal cliff? are they reluctant in terms of putting money into the u.s. because of the dysfunction in washington right now? >> i don't think it's just investors. i think the problem we're facing now, investors, consumers, leaders of businesses are all deferring decisions here. so we may be seeing a little risk on in equities, however, many investors are actually derisking, setting more money aside because they're very frightened of the outlook of the u.s. as we try to resolve this fiscal cliff. so ceos are deferring investments in cap x. they're deferring hiring. i expect to see if we don't solve the fiscal cliff in a sensible bipartisan way, i expect to see us drift into a zero growth economy and possibly a recession in the first quarter. i think as you know i'm very bullish long term, but i just believe we hav
., particularly in new york and washington. you had an institutional client conference going on today. $5 trillion in assets under management. you're hosting some big clients there. are they as worried as you about the fiscal cliff? are they reluctant in terms of putting money into the u.s. because of the dysfunction in washington right now? >> i don't think it's just investors. i think the problem we're facing now, investors, consumers, leaders of businesses are all deferring decisions...
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Jun 6, 2012
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just like in our situation, eventually it's going to be something washington takes on or the city's municipalities and all of that is going to happen through the ballot box, whether june 17th or november. >> you say what else can he do? what else can the fed do that is going to be affected by -- >> nothing. they are just idling the car. the people in the house are saying, we're not ready to come out yet and they are sitting in the car idling and waiting and it's not really accomplishing anything. >> we've got to move this car along. thank you. we'll see you later. >> well, we've got 53 minutes left in the trading day with a gain of 230 points. do not miss. we've got a big show coming up today, right? >> this is a great rally, bill. a lot more ahead on this edition of the "closing bell." >> announcer: it's the interview everyone has been waiting for. and maria has it. exclusively. nasdaq's ceo bob greifeld finally answering the facebook questions people are asking from wall street to main street. with the world watching, what went wrong with one of the most anticipated ipos of all time? then, it's
just like in our situation, eventually it's going to be something washington takes on or the city's municipalities and all of that is going to happen through the ballot box, whether june 17th or november. >> you say what else can he do? what else can the fed do that is going to be affected by -- >> nothing. they are just idling the car. the people in the house are saying, we're not ready to come out yet and they are sitting in the car idling and waiting and it's not really...
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Jul 19, 2012
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>> i was really struck by what you said, you said oh they will deal with it, meaning leadership in washington, but the question is will they deal with it before the crisis or after the crisis. so if they don't deal with it, we will have a crisis, is that what you're saying? >> absolutely, it's the most inevitable thing you have seen. this huge fiscal problem starring us in the face, and the markets giving us plenty of time to deal with it, and i think the reason is market is giving us so much time, is we are a rich economy. and what the bowles-simpson recommendation showed is that we can spread around so no one sector sacrifices too much. so this is in many ways, much more of a government crisis than a economic crisis. but another thing we said, and bob rubin and i said the same thing, it's impossible to know when the market will turn. but when it does, it will do to with a vengeance. >> in a way we're distracted by this fiscal cliff. the prize is growth, and the issue is competitiveness when we talk about the long-term prospects of america. >> maria, the point that i made is that if you look
>> i was really struck by what you said, you said oh they will deal with it, meaning leadership in washington, but the question is will they deal with it before the crisis or after the crisis. so if they don't deal with it, we will have a crisis, is that what you're saying? >> absolutely, it's the most inevitable thing you have seen. this huge fiscal problem starring us in the face, and the markets giving us plenty of time to deal with it, and i think the reason is market is giving...
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Aug 30, 2012
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a 112 mkt more likely in washington to get in an accident compared to the national average. where are the best drivers found? sioux falls, south dakota. not much to hit, who knew. "closing bell" is next. >>> hi, welcome to "closing bell," i'm michelle in for march -- maria bartiromo. >> i'm bill griffeth, red flags out of europe, add that together, you have a recipe for a late summer sell off which we're having today. here is where we stand right now. off the lows, the down was down at 13,000. now down to 13126. the nasdaq down 25 points. and for the s&p, the number traders tell me to watch is 1397. if you go below that you might have problems with the bulls. >> no doubt that comments out of injury put pressure on u.s. stocks today. the euro was said to have a 50% chance of falling apart. also, spain delaying a bail out until aid conditions are worked out. >> the market waiting for signs of stimulus from jackson hole tomorrow. let's talk marks. dan greenhouse with us, david cass, steve leisman. ben bernanke has to deliver tomorrow, right? >> i thought you were coming to me t
a 112 mkt more likely in washington to get in an accident compared to the national average. where are the best drivers found? sioux falls, south dakota. not much to hit, who knew. "closing bell" is next. >>> hi, welcome to "closing bell," i'm michelle in for march -- maria bartiromo. >> i'm bill griffeth, red flags out of europe, add that together, you have a recipe for a late summer sell off which we're having today. here is where we stand right now. off the...
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Oct 11, 2012
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i mean, they harken back to a time of political civility that existed in washington for years. i mean, we're all thinking back to the days of ronald reagan and tip o'neill who were about as far apart politically as you could get, but they were able to come together and find common ground on some of the thorny issues that existed economically in the 1980s. that's not happening today because so many of the politicians view these issues as defining who they are personally. they take it personally, and that's a problem right now. don't you think? >> yeah, i think so. i also think that we're at a very different moment. when we talk about the kind of spending back then, we were arguing a lot about defense spending under ronald reagan. >> absolutely. >> we really needed to be arguing more about entitlement spending, which never got taken care of. now we have this huge, huge problem where people expect so much. they've been promised things. that's what makes it extremely difficult. >> let's face it. the stakes are much, much higher now. the zeros we're talking about -- >> are huge. >>
i mean, they harken back to a time of political civility that existed in washington for years. i mean, we're all thinking back to the days of ronald reagan and tip o'neill who were about as far apart politically as you could get, but they were able to come together and find common ground on some of the thorny issues that existed economically in the 1980s. that's not happening today because so many of the politicians view these issues as defining who they are personally. they take it personally,...
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Aug 3, 2012
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right now, the farm relief bill -- >> and this drought, i just don't understand what's going on in washington. these guys took a vacation and we have all of these issues. >> it's a year divided by four. the election is coming up in november. the bigger issue is with europe and they have a bigger issue to catch at this point. >> a lot of green on the screen, but the market up in the triple digits. >> we're coming back with the closing count down for this friday. >> and it's been a hard days night for knight capital. but maria shapiro was on vacation. it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and creat
right now, the farm relief bill -- >> and this drought, i just don't understand what's going on in washington. these guys took a vacation and we have all of these issues. >> it's a year divided by four. the election is coming up in november. the bigger issue is with europe and they have a bigger issue to catch at this point. >> a lot of green on the screen, but the market up in the triple digits. >> we're coming back with the closing count down for this friday. >>...
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Jul 27, 2012
07/12
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washington mutual in 2009 and bear sterns in 2008 -- >> they put up $29 billion in 2008 so they could bail out -- they -- that's ridiculous. >> jpmorgan bailed out two companies. they bailed out a company that was failing, and if they had not bailed it out, the united states taxpayer would have to pick it up, the united states taxpayer made a fortune on this business. according to tim my geithner, he says they have the a $20 profit. if you look at the profits of the federal reserve, they have jumped some $60 billion a year. >> that's right they have. >> without going back to the financial crisis -- gentleman, this is a conversation that will obviously continue to take place, we hope you come back to talk about it, thanks very much. have a great weekend. >> we have 20 minutes before the closing bell sounds and a market that's holding on to the big gains today. >> are we rallying for all of the wrong reasons? >> and barney frank came on the show yesterday. >> what are the adults going to enter the room and you will talk about the important issues that have all of the american lives. >>
washington mutual in 2009 and bear sterns in 2008 -- >> they put up $29 billion in 2008 so they could bail out -- they -- that's ridiculous. >> jpmorgan bailed out two companies. they bailed out a company that was failing, and if they had not bailed it out, the united states taxpayer would have to pick it up, the united states taxpayer made a fortune on this business. according to tim my geithner, he says they have the a $20 profit. if you look at the profits of the federal reserve,...
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Aug 2, 2012
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. >>> welcome back, a big election here battle brewing in washington. >> they are saying it will save taxpayers to reduce the principal. the guy saying that runs the company that oversees fannie mae and freddie mac, he says they're very rosy assumptions and it could likely be a net loss to taxpayers instead. jared bernestein things it would help homeowners and taxpayers. >> so you're saying the government yiets down principals and taxpayers save money. >> yes, fannie mae and freddie mac, and the taxpayers at the bottom of this, are facing about $45 billion in losses if you look at the eligible pool of loans. when they, and it's not the white house, it's the fhfa, when they run the numbers they find this is a very useful tool to have in their mortgage modification tool box. >> but where are the savings? >> it's in avoiding defaults and foreclosures, that but for the principal reduction program would happen. and these are savings that according to fhfa's own analysis would achieve forbearance. >> that's like my teenager daughter going out and saying how much money she saved me because s
. >>> welcome back, a big election here battle brewing in washington. >> they are saying it will save taxpayers to reduce the principal. the guy saying that runs the company that oversees fannie mae and freddie mac, he says they're very rosy assumptions and it could likely be a net loss to taxpayers instead. jared bernestein things it would help homeowners and taxpayers. >> so you're saying the government yiets down principals and taxpayers save money. >> yes, fannie...
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Nov 21, 2012
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the problem is with washington there's nothing fundamental here. it's all emotional. that's the big uncertainty. if we can solve that problem, i think we're on the way. >> but can we solve it? >> i think we can. i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for the marines. they have hit the new york stock exchange. it's an annual tradition. >> once a marine, always a marine. >> they will be here ringing the closing bell to kick off the annual toys for tots campaign. and there's a famous bell ringer himself joining us here at the new york stock exchange. of course, the marines and all of the armed forces always get a big hand when they come to the floor of the new york stock exchange. we're very glad they're with us today. what are you going to buy here? do you feel we've seen the lows for the year here? >> i think that right now the market's realized we're goi
the problem is with washington there's nothing fundamental here. it's all emotional. that's the big uncertainty. if we can solve that problem, i think we're on the way. >> but can we solve it? >> i think we can. i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for...
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May 4, 2012
05/12
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steve liesman with a special report on how washington is playing politics over the data. can we expect a lot of that in the next six months? i think so. back in a moment. back in a moment. there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other me
steve liesman with a special report on how washington is playing politics over the data. can we expect a lot of that in the next six months? i think so. back in a moment. back in a moment. there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ [ rosa ] i'm rosa and i...
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Oct 31, 2012
10/12
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none of us heard him say anything about the george washington bridge. the other thing i should point out is that if you are traveling as many people do before 6:00 a.m. apparently this hov or carpool rule does not apply. it takes effect at 6:00 a.m. until midnight. apparently exempt as well are certain commercial vehicles and taxis from 4:00 p.m. to midnight, which is when a lot of the taxis change shift and some would be sort of dead heading it coming into the city without passengers. >> this will be fun to enforce. >> it's going to be tough. steven rowsing what does that mean for colleagues coming into new york this carpool making it that much tougher? >> it's going to be difficult. it's already really hard for a lot of us. we have a lot of people from staten island, long island, brooklyn. it's very difficult. we booked a lot of hotel rooms in advance because we knew it would be trouble. i think it's just going to add to less volume, less liquidity. i think it's going to take multiple days to recover. it already would have. this obviously puts more re
none of us heard him say anything about the george washington bridge. the other thing i should point out is that if you are traveling as many people do before 6:00 a.m. apparently this hov or carpool rule does not apply. it takes effect at 6:00 a.m. until midnight. apparently exempt as well are certain commercial vehicles and taxis from 4:00 p.m. to midnight, which is when a lot of the taxis change shift and some would be sort of dead heading it coming into the city without passengers. >>...
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Sep 21, 2012
09/12
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chief washington correspondent john harwood now with the details. over to you, john. >> reporter: maria, mitt romney is acting today to try to diffuse a controversially that has dogged his campaigns some months and to do it on a week when he's receiving heat over the 47% fund-raising comments. the top line showed he made $13 million in 2011, paid $1.9 million in federal taxes for an effective rate of about 14%. he also released a ten-year summery of the effective tax rate that he had paid, said he paid an average of 20% of his income over that 20-year period and never paid lower than 13%. now to put this in context. the average american pays an effective tax rate of 11% on their returns. mitt romney's overall return or effective rate average is lower than the average millionaire however. the average million plus income filer pays about 25% in effective rate, mitt romney is less than that, but interesting lit return raise an issue with something that mitt romney said earlier this year which was that he said that -- americans would not want a presiden
chief washington correspondent john harwood now with the details. over to you, john. >> reporter: maria, mitt romney is acting today to try to diffuse a controversially that has dogged his campaigns some months and to do it on a week when he's receiving heat over the 47% fund-raising comments. the top line showed he made $13 million in 2011, paid $1.9 million in federal taxes for an effective rate of about 14%. he also released a ten-year summery of the effective tax rate that he had...
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Oct 30, 2012
10/12
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however, washington, d.c.'s mass transit system is restoring bus and rail service at this time. boston service has resumed. damage could top $20 billion in economic losses with insured losses ranging between $5 billion and $10 billion. again, that's just an early estimate. laguardia and new york airports will be closed wednesday, though governor cuomo says jfk may open tomorrow. boston and d.c. airports are open. the boston globe is reporting the city's mayor says trick-or-treat is on. maria. >> well, that's good news. thank you so much, court. parts of new jersey simply devastated by sandy. an entire town under water under a levee break overnight. jackie deangelis is in new jersey following this developing story. jackie. >> good afternoon, maria. we are here in town where everything has been shut down. we did see people earlier tonight being evacuated by emergency crews. fest by boat throughout the streets from their homes and then on to bus where is they got to higher ground. we were asking some people how they survived the evening with the damage. they told us the water start
however, washington, d.c.'s mass transit system is restoring bus and rail service at this time. boston service has resumed. damage could top $20 billion in economic losses with insured losses ranging between $5 billion and $10 billion. again, that's just an early estimate. laguardia and new york airports will be closed wednesday, though governor cuomo says jfk may open tomorrow. boston and d.c. airports are open. the boston globe is reporting the city's mayor says trick-or-treat is on. maria....
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Dec 5, 2012
12/12
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first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we should be a little bit careful on this because the letter habit actually been sent yet, we're told by congressman mike simpson's office. he's the congressman circulating the letter. he's gathering signatures from other members of congress, as we speak. they expect to send this letter. i've talked to some conservative republicans today here on capitol hill who say their minds are not changed, and that's going to be the group that's most difficult for the speaker to negotiate. nonetheless, the fact there's such a letter being circulated probably gives speaker boehner more elbow room in his negotiations and might help him beat back a little brush fire he saw
first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we should be a little bit careful on this because the letter habit actually been sent yet, we're told by...
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Oct 3, 2012
10/12
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eamon javers is in washington with details. >> i should say the the romney campaign e-mailed me this morning to point out that this proposal that romney floated out there yesterday is not a specific proposal. just kicking around some ideas. but the idea he kicked around was an interesting one. capping tax deduction at about $17,000. that is, you would have a bucket of tax deductions, and you could fill it with your mortgage deduction or other things. so who would this help, and who would it hurt? here's the hypothetical type of guy that it would hurt. this is a hypothetical, but if you're a hot-shot young lawyer making $200,000 in new york city, you've got probably a high mortgage payment relative to your salary. you're paying high state and local taxes. if you made charitable deductions, this is a proposal that might hurt you more than it helps you. so who would benefit under this scenario that romney floated out there yesterday? well, the same hot-shot young legal associate, if he's living in the houston suburbs, renting a house paying low local taxes and not giving all that much t
eamon javers is in washington with details. >> i should say the the romney campaign e-mailed me this morning to point out that this proposal that romney floated out there yesterday is not a specific proposal. just kicking around some ideas. but the idea he kicked around was an interesting one. capping tax deduction at about $17,000. that is, you would have a bucket of tax deductions, and you could fill it with your mortgage deduction or other things. so who would this help, and who would...
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Oct 29, 2012
10/12
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the rest of the federal government here in washington is closed today. that includes the department of labor. however, folks at department of labor the bls is working hard on friday he's jobs report. the last one before election day. much anticipated. here's a statement we have from the department of labor. they say employees at bureau of labor statistics are working hard to ensure the timely release of employment data on friday, november 2nd. it's our intention friday will be business as usual recording the october employment situation report. no guarantees from the department of labor they're get this report out by friday because their workers are scatter add cross the region right now but they say their intent is to get it out. how could that affect the actual report itself? experts say in terms of the storm's impact in the last couple of days of the month, what you might see is an impact a little bit on hours worked, but not necessarily on the overall employment situation. it's mostly a question now of whether the staff can gather that data, get it i
the rest of the federal government here in washington is closed today. that includes the department of labor. however, folks at department of labor the bls is working hard on friday he's jobs report. the last one before election day. much anticipated. here's a statement we have from the department of labor. they say employees at bureau of labor statistics are working hard to ensure the timely release of employment data on friday, november 2nd. it's our intention friday will be business as usual...
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Nov 6, 2012
11/12
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i think if you do that and do that gradually, which is kind of what's happened in the past in washington, i think you avert the catastrophe that many people are talking about. look, i think the rally today also is another thing. you're going to have certainty tomorrow. you may not like who wins. but you're going to know what the outcome is, and you're going to know how to plan for your business. businesses have argued they don't like president obama, but they'll know tomorrow whether he's going to be the president or not. they'll know how to plan. >> one of the bottlenecks for the economy has been the lack of capital spending, capital expenditures by corporations. they're sitting on a lot of cash. does it matter who wins for them? will they start spending no matter who takes the white house or the house and the senate? >> well, i think the answer is what i just said before. you're going to have more certainty tomorrow. you may not like the policies put in place, but you will know what's going on. i think that is a major improvement over where we are yesterday as to where we'll be tomorro
i think if you do that and do that gradually, which is kind of what's happened in the past in washington, i think you avert the catastrophe that many people are talking about. look, i think the rally today also is another thing. you're going to have certainty tomorrow. you may not like who wins. but you're going to know what the outcome is, and you're going to know how to plan for your business. businesses have argued they don't like president obama, but they'll know tomorrow whether he's going...
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Oct 9, 2012
10/12
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eamon javers in washington with the story. >> let's call this the mystery machine to start with. let me walk you through some analysis that was done at an analysis firm looking at all these high-speed trading tapes. here's what they came up with, starting with the one program at issue here. the placed orders in 25 millisecond bursts involving 2500 stocks, never executing a single trade. repeated pattern of 200 fake quotes, then 400, then 1,000. that was the tell that it was one machine. all of it taken together generated millions of quotes and represented about 4% of all the activity in the stock market last week. the issue here is that the sec does not right now have the capability in it realtime to see this data as it flows through the pipes. they're working on that capacity and have a new software system called midas, which is expected to come online later this year. until then, they're going to have to rely on their very new bureau just created in order to crunch this stuff and understand it. >> i have a quick question. you say they put in all those orders but never executed
eamon javers in washington with the story. >> let's call this the mystery machine to start with. let me walk you through some analysis that was done at an analysis firm looking at all these high-speed trading tapes. here's what they came up with, starting with the one program at issue here. the placed orders in 25 millisecond bursts involving 2500 stocks, never executing a single trade. repeated pattern of 200 fake quotes, then 400, then 1,000. that was the tell that it was one machine....